By He Yin, People’s Daily
The recent Central Economic Work Conference, held recently in Beijing, reviewed and analyzed China’s economic performance for this year and outlined key policy measures for the upcoming year.
This conference not only set the course for China’s economic development but also provided the world with a clear vision of stability, innovation, and growth opportunities. By strengthening confidence, leveraging its strengths, and addressing challenges proactively, China will continue to maintain its economic momentum, ensuring strong and consistent progress during the opening stage of the 15th Five-Year Plan period (2026-2030).
Not long ago, Ningbo-Zhoushan Port in east China’s Zhejiang province saw its annual container throughput surpass 40 million twenty-foot equivalent units (TEUs) for the first time, becoming the third port globally to reach this milestone. The growth reflects the resilience and vitality of the Chinese economy. Despite facing profound and complex domestic and global changes, China has managed to push forward, transitioning toward higher quality and more efficient growth.
In the first three quarters of this year, China’s GDP grew by 5.2 percent year on year, with total economic output expected to reach approximately 140 trillion yuan ($19.87 trillion). Major economic and social development targets are on track to be met. Trade performance has also been impressive, with China’s total goods imports and exports in yuan-denominated terms rose to 41.21 trillion yuan in the first 11 months, up 3.6 percent year on year and a record high for the same period.
International organizations such as the World Bank, the International Monetary Fund, and the OECD have raised their forecasts for China’s economic growth in 2025, acknowledging the resilience and strength of its economy. Foreign-invested enterprises have continued to increase their investments in China, reflecting growing optimism about the country’s future prospects.
Confidence in China’s economic outlook is gaining momentum, strengthening the foundation of economic stability and driving progress. China’s economy is increasingly characterized by new quality productive forces, fostering more efficient growth and a balanced pace of quantitative expansion.
The Central Economic Work Conference underscored the need to enhance innovation-driven development to accelerate the cultivation of new growth drivers, further energizing high-quality development. Seeing a strong surge in innovation and a sustained acceleration of green transformation, Cuba-based Latin American news agency Prensa Latina recently highlighted China’s simultaneous progress in enhancing both its environmental performance and value-added economic growth.
(Contributed by People’s Daily of China)
